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Saab says asset sale to BAIC gives it cash for a fresh start

Saab believes that a deal to sell some key assets to Beijing Automotive Industry Holdings Co. will help secure the money-losing automaker's future. "The money will finance the new Saab and contribute to a good start under new ownership," Saab spokeswoman Gunilla Gustavs said without revealing financial details of the deal.

Toyota to unveil 2013 Avalon in New York

Toyota is set to debut an all-new US-designed sedan at the 2012 New York International Auto Show next month The teaser sketch, which only shows the new car's rear, suggests a departure from the rather bland, conservative design of the current model. The outgoing Avalon very much a traditional three-box design, whereas the teaser image suggests the new model may feature a fastback roofline in the mold of the Audi A7 and Mercedes-Benz CLS. A 'four-door coupe' if oxymorons are your thing.

Day 2 at the International CES

If you have never seen a 110-inch, ultra-high-definition TV screen, where every molecule of digital delirium dances across the screen in pulses of pixelated promiscuity, well, you're really missing out. Samsung had one such monster screen at the corner of its booth, sporting 4000 pixels per square inch and the techno geeks swooned in front of it like the truly faithful in the front row of a Celine Dion concert at Caesars Palace. For our part, we sat transfixed before it more like the monkeys in 2001: A Space Odyssey.